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Consumer confidence up in June, but still lowest in 21 years

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Consumer confidence up in June, but still lowest in 21 years

BANGKOK (NNT) – Aid measures, and the fifth phase easing of COVID-19 restrictions, allowed consumer confidence to improve last month, the third month in a row, to 50.1 points from 49.2 in June.

The President of the University of the Thai Chamber of Commerce (UTCC), Asst. Prof. Dr. Thanavath Phonvichai, pointed out that despite the upward trend in consumer confidence, the figure is still at its lowest in 21 years and 10 months, on the continued negative impact of COVID-19 on spending, tourism, exports and employment, as well as concerns about the political situation.

Overall confidence in the economy, job prospects and revenue were also up compared to June, with only confidence in politics continuing a downward trend for the 17th month.

The post Consumer confidence up in June, but still lowest in 21 years appeared first on Thailand Business News.

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Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 11 August 2020, 11.30 Hrs.

The post Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 11 August 2020, 11.30 Hrs. appeared first on TAT Newsroom.

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Tourism revitalized during holiday break

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BURIRAM (NNT) – Tourism in many provinces is lively during the long weekend, as measures are being taken to help limit the spread of COVID-19 at various venues.

At Khao Kradong Forest Park, in Buriram province, tourist police, forest protection officers and staff at Khao Kradon Forest Park are required to check the body temperatures of all visitors before they can enter the premises and ascend the Naga Bridge to enjoy the stunning views of the volcano, which has been dormant for some 100,000 years, and take a deep breath of fresh air. Some visitors pray and seek blessings from Phra Suphatthara Bophit and ring the ritual bells on top of the volcano, which is 265 meters above sea level.

Officers ask visitors to wear protective masks, to help limit the spread of COVID-19. The site is welcoming 3,000 visitors a day during this long weekend, after months of business suspension due to the outbreak. Meantime, the forest park’s landscape and facilities have been maintained for visitors’ convenience.

The northeastern province of Bueng Kan also receives many visitors from various provinces. One of its popular sightseeing destinations is Hin Sam Wan, located in the Hin Sam Wan Ecotourism Development Project, which is part of the 154th national forest reserve management center. It oversees Kala rainforest, Phu Sing forest and Dong Si Chomphu forest in Muang Bueng Kan district.

Disease-control measures remain in place. Visitors are required to have their body temperatures measured. The site has implemented new normal measures by limiting the number of visitors per session and using the government’s Thai Chana online platform. In the past two days, the forest park welcomed more than 5,000 visitors. Most restaurant and hotel businesses in the province are also attracting more customers.

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“GI Market 2020” gathers unique items from around the country

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BANGKOK (NNT) – “GI Market 2020” is an event that brings together Geographical Indication products from all over the country and is hosted by the Department of Intellectual Property at Central Plaza Rama 9. The event will last until 2nd of August, so make sure you don’t miss the special items.

The event is usually held twice a year, but due to COVID-19, the event was postponed to this month and in late August. It brings many geographical indication products, such as Chanthaburi Durian, Golden Longan from Ban Phaeo, Nakhon Nayok’s Marian plums, Fermented Sea Catfish from Phatthalung, Mae Hong Son’s Tiger-Stripe peanut, Sakon Nakhon’s Indigo cloth, Ban Chiang’s earthenware and many more, including 19 GI products that have been registered this year.

Thosapone Dunsuputra Director General of Department of Intellectual Property says “Due to the COVID-19 crisis, people can hardly sell a thing. The department helped them move to the online market, for those who are capable, because some agricultural products don’t last long enough for the delivery process. Now it’s better. Events can be held. We also installed protective screens and require everyone to put on a mask to avoid the disease.”

In addition, there are also seminars to inspire and help local product producers to find new markets. The seminars cover many topics, such as advertising and how to use the GI title as a marketing tool.

Once again, the event lasts until the 2nd of August at the Central Plaza Grand Rama 9.

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Asian economies well positioned to ride out crisis

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Social distancing has become the primary tool for protecting public health amid the coronavirus pandemic, and its inevitable impact on economic life has required governments to provide income and support to those who can no longer work, even as spending on public health rises.

Nearly all governments globally are now running large fiscal deficits, and a sharp rise in the stock of public debt globally is expected. Asian countries, though, are well-suited to handle this increase in public debt — with some exceptions.

Taiwan and South Korea have it easy

Economies like Taiwan and South Korea have it relatively easy. Taiwan was running a 10.5 percent of GDP current account surplus before the virus, using its high level of savings to invest around the world. Its life insurers in particular were big buyers of risky global bonds.

Thanks to an effective public health response, Taiwan appears likely to avoid the kind of economic shock experienced by Europe and the United States. But there is no doubt that it can accommodate large fiscal deficits. In fact, more Taiwanese bond issuance would help Taiwan’s insurers, who are being forced abroad by the lack of domestic supply.

South Korea is broadly in the same position. The country stood apart from the rest of the G20 by maintaining (unneeded) fiscal surpluses after the global financial crisis, instead relying on a weak won and exports for growth.

As recently as 2018, South Korea ran a fiscal surplus of close to 2 per cent of GDP. As a result, the nation can also reduce its overall risk profile by issuing domestic bonds to its National Retirement System and its life insurers. Financing…

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Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 28 July 2020, 11.30 Hrs.

The post Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 28 July 2020, 11.30 Hrs. appeared first on TAT Newsroom.

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ASEAN, ROK launch higher education for ASEAN talents scholarship programme

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ASEAN, ROK launch higher education for ASEAN talents scholarship programme

JAKARTA, 24 July 2020 – The launch of the Higher Education for ASEAN Talents (HEAT) Scholarship Programme took place through an online ceremony on 22 July.

HEAT is a collaborative effort between ASEAN and the Republic of Korea (ROK) that aims to strengthen the ASEAN higher education sector and foster closer ties between the two sides. The programme, valued at over $US 8 million, provides scholarships for faculty members from higher education institutions accross ASEAN to pursue doctoral studies in the ROK.

In his remarks, Ambassador of the ROK to ASEAN Lim Sungnam highlighted that ROK’s investment in education played an important role in its development.

The Philippines’ Undersecretary of Education and Chair of the ASEAN Senior Officials Meeting on Education Jesus Lorenzo Mateo, ROK Deputy Minister of Education Jung Jong-Chul, Korean Council for University Education Chairperson Kim In Chul, and Deputy Secretary-General for the ASEAN Socio-Cultural Community Kung Phoak, were present at the online launch.

More than 700 faculty members participated in an online briefing on the 2021 HEAT scholarship round that was also held at the launch. Six higher education institutions from the ROK were present and provided information about their programmes.

Eleven faculty members from the inaugural HEAT batch received scholarships and will begin their studies in September 2020.

Admission for the next round of HEAT scholarships will open at the end of July 2020.

More information on scholarship programmes available for ASEAN nationals is available here:  https://asean.org/opportunities/scholarship/

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Reforestation project conducted in honor of HM King

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CHIANG RAI (NNT) – The Department of National Park, Wildlife and Plant Conservation, together with Royal Thai Volunteers, participated in a reforestation and forest fire protection project in the northern province of Chiang Rai province, on the occasion of the 68th birthday of His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua on July 28 this year.

The activity, taking place at Ban Don Nakhon forest, included the construction of a weir, to retain moisture in the area. The Ministry of Natural Resources and Environment, together with the Ministry of Interior and Royal Thai Volunteers in Chiang Rai, organized this activity to celebrate His Majesty the King’s birthday and to promote sustainable forest restoration.

The project plans to grow some 20,000 indigenous trees, such as teak, padauk and rosewood, on 16 hectares of land in Doi Luang National Park.
Over 1,000 volunteers, civil servants, soldiers, police, representatives of private firms and students took part in planting the trees and set up panels to provide shade and maintain humidity in the area.

The project is based on the royal initiatives of His Majesty the King, recommending that forest fires and other natural woes be solved through reforestation and maintenance of water sources in a sustainable way.

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